Listed by ParaSell Inc, Hanley Investment Group
$1,077,000
Strickland Brothers | Whiteville, NC
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 3,306
Net Rentable (SqFt) 3,306
Cap Rate 6.50%
NOI $70,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 06/30/2041
Rent Bumps Yes
Lease Options Four 5-Year @ 10% Increases
Year Built 2025
Acreage 0.740
Lease Commencement 07/01/2026
Ground Lease No
Absolute NNN 15-Year Lease | 300+ Systemwide Units Full Corporate Guaranty
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/StricklandBros_Whiteville
Investment highlights
- Single-Tenant Strickland Brothers 10 Minute Oil Change; Pad to Tractor Supply Co.- & Belk-Anchored Center, and Shadow-Anchored by Walmart Supercenter:
- Absolute NNN lease with zero landlord responsibilities
- 15+ year lease term remaining with four 5-year options
- Fee-simple investment ideal for bonus depreciation (land and building)
- Who is Strickland Brothers Oil Change?
- 300+ locations across 27 states in the U.S.
- Recent capital infusion from Princeton Equity Group, a leading franchise and multi-unit private equity firm
- Strickland Brothers is one of the fastest-growing franchises in the United States
- Situated within Whiteville’s Main Retail Corridor with Big Box Tenants Including Walmart Supercenter, Belk, Tractor Supply Co., Lowe’s, Five Below, Food Lion, Harbor Freight Tools, and More
- Strategic Regional Hub: Whiteville serves as the commercial and governmental center of Columbus County, drawing consistent traffic from surrounding rural communities and acting as a key service hub for southeastern North Carolina
- Proximity to Major Markets and Infrastructure: Whiteville is conveniently located near Wilmington, Myrtle Beach, and Fayetteville, and offers access to major employment centers, tourism corridors, and coastal traffic; the area is supported by regional highways, including US-74 and US-701
Listing Contacts
Listed by ParaSell Inc, Hanley Investment Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,000.00
$5,833.33/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?
